By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.19% higher at 8:16 am on Wednesday, indicating Dalal Street to open a positive note, ahead of RBI's policy meeting outcome scheduled for today. At the same time, the Dow Jones Futures was up 0.26%.
The three major indices of Wall Street rallied on Tuesday’s session, with the Nasdaq Composite closing 3.03% or 461.76 points high, Dow Jones gaining 1.40% or 492.4 points, and the S&P 500 gaining 2.07% or 95.08 points.
The strong gains on Wall Street were majorly driven by a rally in the technology-heavy Nasdaq , as concerns around the severity of the Omicron variant of the coronavirus eased off, and Intel (NASDAQ: INTC ) jumped after announcing plans to list its self-driving car unit in mid-2022.
Stocks across Asian markets inched higher in early trade hours on Wednesday, due to a rally on Wall Street amid positive news on the potential impact of the new Covid-19 variant. Local social media giant Weibo debuted in the Hong Kong market.
MSCI's broadest index of Asia Pacific shares outside Japan was trading 1.89% higher at 8:16 am, and Japan’s Nikkei 1.10% higher.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.